FINP039 Preparing for tomorrow (510 words)

Although memory-related illnesses are becoming more common and are a major factor in financial management, this article is also applicable for your readers who might just be too busy living life to remember to do everything they should. It has a handy checklist to make sure all the important things are addressed.

Imagine you were no longer able to look after your financial affairs, or, less dramatically, simply found it an increasing burden to manage your money. How easy would it be for a trusted family member to step in and help you?

There are many reasons why you might find it more difficult to manage your finances as you get older. On top of complex investment structures and a busy lifestyle you might find a normal, age-related decline in your memory creeping up on you. Or it may be a major illness or the onset of dementia that leaves you unable to take proper care of your financial affairs.

To make life easier, both for you and your family, it’s crucial that you plan ahead.